Saturday, January 13, 2024

The downtown tower that almost was

Park Place Technologies considered building a mid- to high-rise office
building like one of those proposed at left by Bedrock Real Estate for its
riverfront development. Alas, the growing tech firm stayed in the suburbs
and bought an existing building that would be cheaper and faster to move
into (Adjaye Associates). CLICK IMAGES TO ENLARGE THEM.

High construction and financing costs along with a longer move-in timeline doomed an intriguing new Downtown Cleveland headquarters building for a growing tech firm relocating from Mayfield Heights. Those construction market headwinds along with the rise in remote working led to Park Place Technologies finding an existing office campus next to Interstate 271 in Highland Heights near its current offices that fit its needs like a glove.

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